Earnings Per Share

9 Months Ended

May 26, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

	Three Months Ended				Nine Months Ended
	May 26, 2023		May 27, 2022		May 26, 2023		May 27, 2022
Net income (loss) attributable to SGH – Basic and Diluted	$	(24,455)	$	24,113	$	(46,682)	$	46,598
Weighted-average shares outstanding – Basic	49,380		50,095		49,152		49,543
Dilutive effect of equity plans and convertible notes	—		4,903		—		6,213
Weighted-average shares outstanding – Diluted	49,380		54,998		49,152		55,756
Earnings (loss) per share:
Basic	$	(0.50)	$	0.48	$	(0.95)	$	0.94
Diluted	$	(0.50)	$	0.44	$	(0.95)	$	0.84

Below are unweighted potentially dilutive shares that were not included in the computation of diluted earnings per share because to do so would have been antidilutive:

	Three Months Ended		Nine Months Ended
	May 26, 2023	May 27, 2022	May 26, 2023	May 27, 2022
Equity plans	8,482	459	8,482	333
Stratus Technologies contingently issuable shares	2,566	—	2,566	—
	11,048	459	11,048	333

Upon any conversion of our 2026 Notes or 2029 Notes, we will be required to pay cash in an amount at least equal to the principal portion and have the option to settle any amount in excess of the principal portion in cash and/or ordinary shares. As a result, only the amounts settled in excess of the principal portion are considered in calculating diluted earnings per share. See “Debt – Convertible Senior Notes.”